Banks have invested 400 million leva in preparing their systems for a smooth transition to the euro , announced Petya Dimitrova, chairwoman of the Association of Commercial Banks. She also recalled some of the benefits of the transition to the single..
The importance of eurozone membership for Bulgaria was the focus of Prime Minister Rosen Zhelyazkov's meeting with European Central Bank President Christine Lagarde and Eurogroup President Pascal Donahue. On the sidelines of the European Council meeting..
"Currently, Bulgaria is one of the few in the EU that unconditionally meets all nominal criteria for convergence to the eurozone, including the price stability criterion, with which we have had problems in recent years." This was..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier , reaching the highest level in 12 months (since January 2024, when it..
BNB Governor Dimitar Radev will sign the request for an extraordinary convergence report on the fulfillment of the criteria for eurozone membership. This is clear from his response in an interview with BTA, in which Radev announced that the Central..
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The Finance Ministry has confirmed that Minister Petkova will participate in the Eurogroup meeting on 17..
Politicians and supporters of the Vazrazhdane and MIR parties protested in front of the National Statistical Institute (NSI) against the "fabrication of data" that would allow the introduction of the euro in Bulgaria. They demanded the resignation of..
“We shall submit a budget for stabilizing public finance,” Prime Minister Rosen Zhelyazkov said at a briefing at the Council of Ministers building. “I have full support and I am certain that GERB will give its solid support to this budget with a..
The government will request an extraordinary convergence report to assess Bulgaria's readiness to join the eurozone. This is what Prime Minister Rosen Zhelyazkov told journalists in Brussels, quoted by BTA. He confirmed that joining the eurozone..
